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If you are in foreclosure it will be very hard to refinance out of it. If you are able to get current I would say there's a chance if your loan makes sense. You could possibly however get something called a, hard money loan, but the interest rate would be very high and you would have to pay a lot of money up front. If you are in foreclosure, I would try and short sale the property or become current.

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16y ago

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Can you get a refinance loan with a credit score of 400 if your house is in foreclosure?

Your house is in forclosure, this means you do not pay your mortgage. Unlikely a bank would take such a risk!


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The refinance costs involved in closing a mortgage all depends on the financial institution that holds the mortgage. Most will not have an additional cost, while others may charge.


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It is where you have a Mortgage and you have improved your credit you can refinance to lower you monthly bill.


Can you refinance after forecloser?

After a foreclosure you no longer own your property. You have nothing left to refinance.


Can a mortgage borrower apply for court foreclosure?

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When should one refinance their mortgage?

One could refinance their mortgage when the interest rate decreases. However, one must also think the amount they have to pay to refinance their mortgage.


Can you refinance while mortgage in on the market?

No you cannot.! my experience was that we had to take the house off the market before we could get an appraisal and a new refinance of our mortgage. also just fyi one party cannot get a mortgage on a second property either at that time. such as during a divorce. not until refinance is complete. this was nebraska.


How can you remove the cosigner from a mortgage?

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How soon after closing on a mortgage can you refinance?

You can typically refinance a mortgage after waiting for at least six months to a year after closing on the original mortgage.


How long do you have to wait to refinance after foreclosure?

If the mortgage on your property is foreclosed the bank takes possession and you lose the property. You can't refinance. I have heard that to take on a new loan is possible in as little as two years. However, if you own another property paid off or in good standing, the foreclosure could affect your ability to refinance that property. I've heard 3 years so 2 years is a plus!


How can you refinance your home mortgage?

To refinance your home mortgage, you can go to a bank or credit union with the proper paperwork from your original mortgage and ask for refinance. There's usually fees involved, but if you need to, you can.


How can you refinance your home for a mortgage?

In order to refinance your home, you should look for a reputable mortgage broker. Work with the broker to find a good plan to refinance you home by looking at you current mortgage.